Friday, April 8, 2016

Apr[4] - Market Update

Crude Oil:
Unexpectedly falling in last week US crude inventory gave a boost to oil price. It surged >10% in last 3 trading days. Market sentiment is getting bullish ahead of OPEC meeting on 17 April. Weakening USD also gave some support to commodity prices.

Singapore:
STI has been lingering in narrow zone. Past week price range is less than 3%. Coming week will see more quarter results announcement from listed companies. 

Market Calendar on coming week:
(SG: Singapore; CH: China; US: USA)

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